Gold Futures Rebound as Oil Prices Slide on Diplomatic Hopes
Gold futures extended their rebound as oil prices fell amid renewed hopes for a diplomatic solution to the Middle East conflict, with a Forex.com analyst saying the decline in oil helped the precious metal.
Gold futures extend their rebound as oil prices slide on renewed hopes for a diplomatic solution to the Middle East conflict. The drop in oil prices has allowed risk assets to bounce back, "which has clearly helped the precious metal too," Fawad Razaqzada of Forex.com says in a note. Precious metal…